Huicheng Environmental Protection and Strait Fund signed a contract! Landing 3 million tons of waste plastic chemical recycling

On November 14th, Qingdao Huicheng Environmental Protection Technology Group Co., Ltd. (hereinafter referred to as "Huicheng Environmental Protection") and Haixia Huifu Industrial Investment Fund Management Co., Ltd. (hereinafter referred to as "Haixia Fund") officially signed a strategic cooperation agreement. Both parties aim to establish long-term cooperation in the field of waste plastic resource utilization through the "technology+capital" model, and jointly promote the development of green, low-carbon and circular economy.

1.Key points of cooperation

This cooperation is not only a simple business alliance, but also a strategically significant strong alliance, with its core values reflected in the following aspects:

• Background of cooperation partner: Strong "national team" and technologically advanced "vanguard team"

Straits Fund: With a strong background, it was established in 2010 with the approval of the National Development and Reform Commission. It is an industrial fund investment company under the National Development and Investment Group Co., Ltd. ("SDIC"), focusing on cutting-edge strategic emerging industries such as new energy, new materials, and biomanufacturing. The fund management scale exceeds 53 billion yuan and has the attribute of a "national team". Its investment history (Ningde Times, JD.com, Didi, Fuyao Group, Lenovo Holdings, etc.) proves its precise strategic vision and strong capital strength.

Huicheng Environmental Protection: An A-share listed environmental technology enterprise, its subsidiary has built the world's first 200000 tons/year mixed waste plastic resource comprehensive utilization demonstration project, which has been included in the National Development and Reform Commission's "Green and Low Carbon Advanced Technology Demonstration Project List (Second Batch)" and has obtained international sustainable development and carbon certification (ISCC), with a total of 42 patent authorizations. Its technological maturity and industrialization capabilities are at the forefront of the world.

• Collaboration mode: Classic dual wheel drive of "technology+capital"

Huicheng Environmental Protection Technology: Provides globally leading patented technology, industrialization experience, and project operation capabilities for chemical recycling of waste plastics.

Strait Fund invests capital: It will efficiently integrate its financial and policy resource advantages, fully support Huicheng Environmental Protection in obtaining waste plastic resources and implementing waste plastic chemical recycling projects at home and abroad, provide financial support for project construction, and jointly promote the rapid replication and implementation of waste plastic chemical recycling projects at home and abroad.

Synergy effect: This model can effectively solve the problems of "difficult financing and slow expansion" faced by high-tech environmental protection enterprises, and accelerate the large-scale commercialization of technological achievements.

• Grand and specific landing goals

Short term goal: To implement a 3 million ton chemical recycling project for waste plastics in provinces such as Guangdong, Hunan, and Shandong, striving to complete project funding and initiate project construction by the first quarter of 2026. This demonstrates the efficient and pragmatic cooperation style of both parties.

Long term cooperation: Straits Fund can participate in Huicheng Environmental Protection's implementation of waste plastic chemical recycling projects in other provinces and cities in China, as well as overseas Southeast Asia, Japan and South Korea, the Middle East, Europe and America in the future.

• Strategic Extension: Creating a New Paradigm of "Environmental Protection+Rural Revitalization"

The Straits Fund has always regarded "coordinated promotion of green development and rural revitalization" as one of its core missions. This cooperation will also deeply link the waste plastic film recycling and resource utilization business of Huicheng Environmental Protection in Xinjiang, and create a characteristic model of "technology empowerment of industries and capital feedback for comprehensive rural revitalization".

Innovative model: This measure not only transforms the technological advantages of Huicheng Environmental Protection into practical driving force for rural revitalization in Xinjiang, but also activates the multiplier effect of "environmental protection industry+comprehensive rural revitalization" with capital power, effectively improving the local agricultural comprehensive production capacity and quality efficiency, and helping to promote the construction of livable, business friendly and beautiful countryside. It is not only a requirement for Strait Fund to serve the development of specific regions well, but also to better serve the development of the group's fund business, transforming it into a replicable and promotable methodology for regional fund landing.

2.Summary and Outlook

This strategic cooperation has milestone significance:

• For the industry, it marks the transition of the waste plastic resource utilization industry from "technology demonstration" to a new stage of "large-scale industrialization with capital assistance", which will greatly promote the construction of China's circular economy system.
• For Huicheng Environmental Protection: With the support of top capital, it has solved the bottleneck of rapid expansion and is expected to quickly grow into a leading enterprise in the global waste plastic chemical recycling field.
• For the Straits Fund, investing in cutting-edge green technologies that align with national strategies has achieved the unity of capital appreciation and social responsibility (green development, rural revitalization), consolidating its leading position in the field of green investment.

In summary, this is a high-level cooperation that focuses on the global market, is based on the national dual carbon strategy, and combines commercial value and social benefits. It is expected to open up a new path for plastic pollution control and resource recycling in China and even the world.